Industry Analysis & Industry Trends
The Pharmaceuticals Packaging and Labeling Services industry has performed well over the past five years, with minor losses in 2009. Strong growth will continue through 2020, as the number of individuals will healthcare increases as healthcare reform initiatives go into effect and the aging population grows. As patents on brand name drugs expire, the industry will benefit from generic manufacturers that will need industry services. However, this translates to less revenue from brand name pharmaceutical companies as a result of their generally less lucrative contracts.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Pharmaceuticals Packing and Labeling Services industry is in the growth stage of its life cycle. IBISWorld estimates that industry value added (IVA), a measure of the industry's contribution to the overall economy, is projected to increase at annualized rate of 2.6% over the 10 years to 2020, compared with GDP growth of 2.5% over the same period. Typically, an industry is considered to be in a growth phase of its life cycle when IVA outpaces GDP.
Industry growth has and will continue to be driven by outsourcing activity from pharmaceutical companies... purchase to read more